Europe has far too few VCs created by former founders, or “Operators” as the industry often likes to call them. Yes, Atomico has Niklas Zennström. Firstminute Capital has Brent Hoberman. More recently Plural was created by Taavet Hinrikus (ex-Wise), Sten Tamkivi (ex-Teleport) and Ian Hogarth (ex-Songkick). But that “operator-turned-VC” list quickly runs out across the […],Kick-Off: In the European arena, the advent of venture capitalists (VCs) with a former-founder pedigree, affectionately known in the industry as “Operators,” is surprisingly sparse. Notable exceptions to this rule are Niklas Zennström boasting of Atomico lineage, and Firstminute Capital’s own Brent Hoberman.
The Main Event: In a fresh turn of events, we see the inception of Plural, crafted by industry veterans like Taavet Hinrikus of Wise fame, Sten Tamkivi from Teleport, and ex-Songkick luminary, Ian Hogarth. However, a whistle-stop tour of the European landscape quickly reveals the scarcity of such “operator-turned-VC” individuals, casting a spotlight on an imminent void awaiting to be filled.
The Wrap-Up: In conclusion, the European landscape thirsts for a revolution infused with former start-up founders transitioning into the role of Venture Capitalists. This gap presents an opportunity for operators to step in and make their mark, thereby subtly altering the course of Europe’s entrepreneurial ecosystem.
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Original article:https://techcrunch.com/2023/09/14/uk-deeptech-gets-another-boost-with-the-launch-of-the-scvc-vc-fund-out-of-bristol/
